Gap is nearly filled. Looking for the momentum to take us to 2715 (+/- 5). I think then the bears will take over. 2700 and 2715 have been supportive and resistance levels. If bears do take over, I think we'll break the longtime support (blue line) and finally stay below it.
This my guess, not trading advice.
This my guess, not trading advice.
Note
Got the entry point wrong, so I didn't get the best deal on the short :( But I'm currently shorting. We're below my blue line of support. I'll be watching it throughout the day. I'm looking for further movement lower and for it to stick. Otherwise, I'll probably exit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.